Placed on Senate Legislative Calendar under General Orders. Calendar No. 90.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Feb 27, 2003
Jobs and Growth Tax Act of 2003 - Amends the Internal Revenue Code to accelerate the following previously enacted tax reductions: (1) the 10-percent individual income tax rate bracket expansion: (2) the reduction in individual income tax rates; (3) the 15-percent individual income tax rate bracket expansion for married taxpayers filing joint returns; (4) the increase in the standard deduction for married taxpayers filing joint returns; and (5) the increase in the child tax credit.Triples the small business expensing limit.Excludes from gross income the excludable portion of dividends. Sets forth definitions and rules concerning such exclusion.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 90.
Committee on Finance. Reported by Senator Grassley with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Committee on Finance. Reported by Senator Grassley with an amendment in the nature of a substitute and an amendment to the title. Without written report.
Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure. (CR S2922-2923)
Introduced in Senate
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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